2016 Q4 Form 10-K Financial Statement

#000102599618000107 Filed on February 13, 2018

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2016 Q2
Revenue $168.6M $168.3M $160.1M
YoY Change 14.4% 18.93% 9.51%
Cost Of Revenue $45.50M $45.50M $43.80M
YoY Change 11.52% 14.9% 9.23%
Gross Profit $123.2M $122.9M $116.3M
YoY Change 15.46% 20.61% 9.61%
Gross Profit Margin 73.05% 73.0% 72.63%
Selling, General & Admin $16.10M $13.50M $14.00M
YoY Change 30.89% 25.0% 10.24%
% of Gross Profit 13.07% 10.98% 12.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $56.70M $56.70M $53.40M
YoY Change 9.67% 14.55% 3.49%
% of Gross Profit 46.02% 46.14% 45.92%
Operating Expenses $72.90M $115.8M $111.9M
YoY Change 13.91% 16.01% 6.84%
Operating Profit $50.30M $7.053M $4.427M
YoY Change 17.8% 245.4% 218.95%
Interest Expense -$14.00M $14.98M $14.38M
YoY Change 6.87% 16.83% -3.23%
% of Operating Profit -27.83% 212.34% 324.92%
Other Income/Expense, Net -$14.44M -$14.07M
YoY Change 6.85% -1.95%
Pretax Income $35.40M $56.40M $33.90M
YoY Change 20.82% -47.14% -42.15%
Income Tax
% Of Pretax Income
Net Earnings $32.74M $53.90M $32.85M
YoY Change 14.33% -48.55% -42.87%
Net Earnings / Revenue 19.41% 32.01% 20.51%
Basic Earnings Per Share $0.29 $0.54 $0.32
Diluted Earnings Per Share $0.29 $0.54 $0.31
COMMON SHARES
Basic Shares Outstanding 92.27M shares 92.23M shares 92.21M shares
Diluted Shares Outstanding 92.92M shares 92.82M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $193.0M $251.0M $26.00M
YoY Change 238.6% -55.81% -7.14%
Cash & Equivalents $193.4M $250.5M $26.33M
Short-Term Investments
Other Short-Term Assets $71.00M $61.00M $59.00M
YoY Change 162.96% 165.22% 90.32%
Inventory
Prepaid Expenses
Receivables $13.46M $9.709M $10.11M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $496.0M $534.0M $303.0M
YoY Change 74.04% -32.06% 24.18%
LONG-TERM ASSETS
Property, Plant & Equipment $5.921B $5.537B $5.499B
YoY Change 11.0% 3.42% 6.82%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $15.00M $14.00M $13.00M
YoY Change 15.38% 7.69% -7.14%
Other Assets $274.0M $248.0M $483.0M
YoY Change -7.12% 24.0% 72.5%
Total Long-Term Assets $6.211B $5.798B $5.995B
YoY Change 10.09% 4.15% 10.15%
TOTAL ASSETS
Total Short-Term Assets $496.0M $534.0M $303.0M
Total Long-Term Assets $6.211B $5.798B $5.995B
Total Assets $6.707B $6.332B $6.298B
YoY Change 13.16% -0.33% 10.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $202.0M $252.0M $211.0M
YoY Change -17.89% 0.8% 6.03%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $424.0M $290.0M $249.0M
YoY Change 50.89% 1.75% 6.87%
LONG-TERM LIABILITIES
Long-Term Debt $2.320B $2.217B $2.439B
YoY Change 4.27% -16.56% 3.22%
Other Long-Term Liabilities $202.0M $183.0M $183.0M
YoY Change 9.19% 5.17% 2.81%
Total Long-Term Liabilities $2.522B $2.400B $2.622B
YoY Change 4.65% -15.22% 3.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $424.0M $290.0M $249.0M
Total Long-Term Liabilities $2.522B $2.400B $2.622B
Total Liabilities $2.947B $2.690B $2.872B
YoY Change 9.49% -15.43% 1.33%
SHAREHOLDERS EQUITY
Retained Earnings -$108.0M $78.11M $62.65M
YoY Change 53.71%
Common Stock $932.0K $923.0K $923.0K
YoY Change 0.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.543B $3.463B $3.330B
YoY Change
Total Liabilities & Shareholders Equity $6.707B $6.332B $6.298B
YoY Change 13.16% -0.33% 10.75%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2016 Q2
OPERATING ACTIVITIES
Net Income $32.74M $53.90M $32.85M
YoY Change 14.33% -48.55% -42.87%
Depreciation, Depletion And Amortization $56.70M $56.70M $53.40M
YoY Change 9.67% 14.55% 3.49%
Cash From Operating Activities $92.50M $115.0M $59.40M
YoY Change 33.29% 34.03% -3.88%
INVESTING ACTIVITIES
Capital Expenditures -$497.0M -$76.70M -$193.4M
YoY Change 250.99% -63.79% 40.25%
Acquisitions
YoY Change
Other Investing Activities -$15.10M $48.40M $20.20M
YoY Change -74.41% -69.79% -84.47%
Cash From Investing Activities -$512.0M -$28.30M -$173.3M
YoY Change 155.36% -45.26% 2150.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 361.7M -71.10M 106.0M
YoY Change -179.55% -114.06% -239.29%
NET CHANGE
Cash From Operating Activities 92.50M 115.0M 59.40M
Cash From Investing Activities -512.0M -28.30M -173.3M
Cash From Financing Activities 361.7M -71.10M 106.0M
Net Change In Cash -57.80M 15.60M -7.900M
YoY Change -90.13% -97.11% -64.09%
FREE CASH FLOW
Cash From Operating Activities $92.50M $115.0M $59.40M
Capital Expenditures -$497.0M -$76.70M -$193.4M
Free Cash Flow $589.5M $191.7M $252.8M
YoY Change 179.38% -35.58% 26.59%

Facts In Submission

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CY2017 krc Reit Annual Taxable Income Distribution Requirement Percentage
ReitAnnualTaxableIncomeDistributionRequirementPercentage
0.90
CY2015 krc Releaseof Holdback Fundsto Third Party
ReleaseofHoldbackFundstoThirdParty
9279000 USD
CY2016 krc Releaseof Holdback Fundsto Third Party
ReleaseofHoldbackFundstoThirdParty
0 USD
CY2017 krc Releaseof Holdback Fundsto Third Party
ReleaseofHoldbackFundstoThirdParty
0 USD
CY2015 krc Sec Schedule Iii Real Estate Accumulated Depreciation Deductions Assets Heldfor Sale
SECScheduleIIIRealEstateAccumulatedDepreciationDeductionsAssetsHeldforSale
46191000 USD
CY2016 krc Sec Schedule Iii Real Estate Accumulated Depreciation Deductions Assets Heldfor Sale
SECScheduleIIIRealEstateAccumulatedDepreciationDeductionsAssetsHeldforSale
3900000 USD
CY2017 krc Sec Schedule Iii Real Estate Accumulated Depreciation Deductions Assets Heldfor Sale
SECScheduleIIIRealEstateAccumulatedDepreciationDeductionsAssetsHeldforSale
0 USD
CY2015 krc Sec Schedule Iii Real Estate Accumulated Depreciation Period Decrease
SECScheduleIIIRealEstateAccumulatedDepreciationPeriodDecrease
112947000 USD
CY2016 krc Sec Schedule Iii Real Estate Accumulated Depreciation Period Decrease
SECScheduleIIIRealEstateAccumulatedDepreciationPeriodDecrease
26371000 USD
CY2017 krc Sec Schedule Iii Real Estate Accumulated Depreciation Period Decrease
SECScheduleIIIRealEstateAccumulatedDepreciationPeriodDecrease
66206000 USD
CY2015 krc Sec Schedule Iii Real Estate Accumulated Depreciation Period Increase
SECScheduleIIIRealEstateAccumulatedDepreciationPeriodIncrease
159524000 USD
CY2016 krc Sec Schedule Iii Real Estate Accumulated Depreciation Period Increase
SECScheduleIIIRealEstateAccumulatedDepreciationPeriodIncrease
171983000 USD
CY2017 krc Sec Schedule Iii Real Estate Accumulated Depreciation Period Increase
SECScheduleIIIRealEstateAccumulatedDepreciationPeriodIncrease
190515000 USD
CY2015 krc Sec Schedule Iii Real Estate Deductions Properties Heldfor Sale
SECScheduleIIIRealEstateDeductionsPropertiesHeldforSale
160074000 USD
CY2016 krc Sec Schedule Iii Real Estate Deductions Properties Heldfor Sale
SECScheduleIIIRealEstateDeductionsPropertiesHeldforSale
13193000 USD
CY2017 krc Sec Schedule Iii Real Estate Deductions Properties Heldfor Sale
SECScheduleIIIRealEstateDeductionsPropertiesHeldforSale
0 USD
CY2015 krc Sec Schedule Iii Real Estate Period Decrease
SECScheduleIIIRealEstatePeriodDecrease
405320000 USD
CY2016 krc Sec Schedule Iii Real Estate Period Decrease
SECScheduleIIIRealEstatePeriodDecrease
115185000 USD
CY2017 krc Sec Schedule Iii Real Estate Period Decrease
SECScheduleIIIRealEstatePeriodDecrease
196745000 USD
CY2015 krc Sec Schedule Iii Real Estate Period Increase
SECScheduleIIIRealEstatePeriodIncrease
675534000 USD
CY2016 krc Sec Schedule Iii Real Estate Period Increase
SECScheduleIIIRealEstatePeriodIncrease
847793000 USD
CY2017 krc Sec Schedule Iii Real Estate Period Increase
SECScheduleIIIRealEstatePeriodIncrease
553768000 USD
CY2015 krc Tenant Improvements Funded Directly By Tenants To Third Parties
TenantImprovementsFundedDirectlyByTenantsToThirdParties
13387000 USD
CY2016Q4 krc Variable Interest Entity Consolidated Carrying Amounts Real Estate Assetsnet
VariableInterestEntityConsolidatedCarryingAmountsRealEstateAssetsnet
211755000 USD
CY2017Q4 krc Variable Interest Entity Consolidated Carrying Amounts Real Estate Assetsnet
VariableInterestEntityConsolidatedCarryingAmountsRealEstateAssetsnet
187254000 USD
CY2015Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
13460000 USD
CY2017Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
16926000 USD
CY2016Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
25100000 USD
CY2017Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
28300000 USD
CY2015 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
7081000 USD
CY2017Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
249637000 USD
CY2017Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
16926000 USD
CY2016Q4 krc Undeveloped Land And Construction In Progress
UndevelopedLandAndConstructionInProgress
1013533000 USD
CY2016 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
8875000 USD
CY2017Q4 us-gaap Secured Debt
SecuredDebt
340800000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
21064000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
19046000 USD
CY2016 us-gaap Straight Line Rent
StraightLineRent
29629000 USD
CY2017 us-gaap Straight Line Rent
StraightLineRent
33275000 USD
CY2016Q4 us-gaap Trading Securities
TradingSecurities
14773000 USD
CY2017Q4 us-gaap Trading Securities
TradingSecurities
20674000 USD
CY2016Q4 us-gaap Unsecured Debt
UnsecuredDebt
1847351000 USD
CY2017Q4 us-gaap Unsecured Debt
UnsecuredDebt
2006263000 USD
CY2016Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
654300000 USD
CY2016Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
166100000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-122685000 USD
CY2016Q4 us-gaap Secured Debt
SecuredDebt
472772000 USD
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
26600000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
26300000 USD
CY2015 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-8449000 USD
CY2017 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1200000 USD
CY2017 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
12986000 USD
CY2015 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
0 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
0 USD
CY2017 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
0 USD
CY2015 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
18869000 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
26624000 USD
CY2017 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
26319000 USD
CY2015 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18900000 USD
CY2015 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1853000 USD
CY2015 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
33947000 USD
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
33057000 USD
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
41704000 USD
CY2016Q4 us-gaap Assets
Assets
6706633000 USD
CY2017Q4 us-gaap Assets
Assets
6802838000 USD
CY2016Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
9417000 USD
CY2017Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
0 USD
CY2016 us-gaap Below Market Lease Acquired
BelowMarketLeaseAcquired
18100000 USD
CY2015 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
497000 USD
CY2016 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1902000 USD
CY2017 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 USD
CY2016 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
1700000 USD
CY2016 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
5200000 USD
CY2016Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
412940000 USD
CY2016Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
259301000 USD
CY2016Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
1122000 USD
CY2016Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
33529000 USD
CY2016Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
120110000 USD
CY2016Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
19172000 USD
CY2016Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
393768000 USD
CY2015 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
109715000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23781000 USD
CY2014Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
98966000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
66798000 USD
CY2015 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-41762000 USD
CY2016 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
192925000 USD
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-183331000 USD
CY2017Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 USD
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2017Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2017Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.313
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.587
CY2016Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.90
CY2017Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
179308000 USD
CY2016Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.90
CY2015 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.40
CY2016Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.375
CY2017Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.375
CY2017 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.65
CY2015Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3733766 shares
CY2017Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
4427500 shares
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
93219439 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
98620333 shares
CY2015 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
1223000 USD
CY2015 us-gaap Cost Of Real Estate Revenue
CostOfRealEstateRevenue
105378000 USD
CY2016 us-gaap Cost Of Real Estate Revenue
CostOfRealEstateRevenue
113932000 USD
CY2017 us-gaap Cost Of Real Estate Revenue
CostOfRealEstateRevenue
129971000 USD
CY2017Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
2600000 USD
CY2016Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
14700000 USD
CY2017Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
20600000 USD
CY2015 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1100000 USD
CY2016 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1200000 USD
CY2017 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1300000 USD
CY2017 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.1
CY2017 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.6
CY2015 us-gaap Depreciation And Amortization
DepreciationAndAmortization
204294000 USD
CY2016 us-gaap Depreciation And Amortization
DepreciationAndAmortization
217234000 USD
CY2017 us-gaap Depreciation And Amortization
DepreciationAndAmortization
245886000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
201482000 USD
CY2015 us-gaap Depreciation Nonproduction
DepreciationNonproduction
2812000 USD
CY2015 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
17116000 USD
CY2016 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
-295000 USD
CY2017 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
449000 USD
CY2015 us-gaap Dividends Common Stock
DividendsCommonStock
130628000 USD
CY2016 us-gaap Dividends Common Stock
DividendsCommonStock
326585000 USD
CY2017 us-gaap Dividends Common Stock
DividendsCommonStock
169364000 USD
CY2015 us-gaap Dividends Preferred Stock
DividendsPreferredStock
13250000 USD
CY2016 us-gaap Dividends Preferred Stock
DividendsPreferredStock
13250000 USD
CY2017 us-gaap Dividends Preferred Stock
DividendsPreferredStock
5774000 USD
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.44
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.85
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.00
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.67
CY2017Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
246391000 USD
CY2016 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-5312000 USD
CY2015 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
17116000 USD
CY2016 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-295000 USD
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.52
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.42
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.84
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.97
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.67
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.51
CY2015 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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3300000 USD
CY2016 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
5600000 USD
CY2017 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
7300000 USD
CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
109950000 USD
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
164302000 USD
CY2017 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
39507000 USD
CY2015 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2017 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
449000 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
48265000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
57029000 USD
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
60581000 USD
CY2015 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
234081000 USD
CY2016 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
293788000 USD
CY2017 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
164612000 USD
CY2015 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
8085000 USD
CY2015 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
12496000 USD
CY2015Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-59200000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-65200000 USD
CY2016 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
56000000 USD
CY2015 us-gaap Interest Expense
InterestExpense
57682000 USD
CY2016 us-gaap Interest Expense
InterestExpense
55803000 USD
CY2017 us-gaap Interest Expense
InterestExpense
66040000 USD
CY2015 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
50923000 USD
CY2016 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
47675000 USD
CY2017 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
44757000 USD
CY2015 us-gaap Interest Paid Net
InterestPaidNet
54747000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3096000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3439000 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
6337000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
2947316000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
2842522000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6706633000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6802838000 USD
CY2016Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
56000 USD
CY2017Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
0 USD
CY2015 us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
-269000 USD
CY2016 us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
1130000 USD
CY2017 us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
3023000 USD
CY2016Q4 us-gaap Minority Interest
MinorityInterest
216322000 USD
CY2017Q4 us-gaap Minority Interest
MinorityInterest
259523000 USD
CY2016 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3615000 USD
CY2017 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
16542000 USD
CY2016Q4 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
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0.025
CY2016Q4 us-gaap Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
0.975
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
23471000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
427291000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-171241000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-337241000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-579420000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-359102000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
272008000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
345054000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
347012000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
234081000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
174308000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
32847000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
53895000 USD
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
32738000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
293788000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
33525000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
31448000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
71110000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
28529000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
164612000 USD
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4523000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
10010000 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
16003000 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
220831000 USD
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
170995000 USD
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
29535000 USD
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
50582000 USD
CY2016Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
29426000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
280538000 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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26329000 USD
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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29833000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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66558000 USD
CY2017Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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28529000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
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151249000 USD
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13720597 sqft
CY2015 us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
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6254000 USD
CY2016 us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
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5863000 USD
CY2017 us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
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1443000 USD
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4339000 USD
CY2016 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
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6635000 USD
CY2017 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
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3223000 USD
CY2015 us-gaap Noncontrolling Interest Increase From Business Combination
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474000 USD
CY2016 us-gaap Noncontrolling Interest Increase From Business Combination
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453449000 USD
CY2017 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
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CY2017 us-gaap Nonoperating Income Expense
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CY2015 us-gaap Notes Assumed1
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CY2016 us-gaap Notes Assumed1
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1350000 USD
CY2017 us-gaap Notes Assumed1
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CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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4957000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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4957000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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4957000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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4957000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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555393000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
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476146000 USD
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497566000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
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525637000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
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546587000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
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525355000 USD
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574413000 USD
CY2017 us-gaap Operating Leases Income Statement Lease Revenue
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2146000 USD
CY2016 us-gaap Other Real Estate Revenue
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7080000 USD
CY2017 us-gaap Other Real Estate Revenue
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8546000 USD
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1634000 USD
CY2016 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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3839000 USD
CY2017 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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1975000 USD
CY2015 us-gaap Payments For Capital Improvements
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99557000 USD
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-1998000 USD
CY2015 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
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0 USD
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184300000 USD
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0 USD
CY2015 us-gaap Proceeds From Issuance Of Unsecured Debt
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397776000 USD
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250000000 USD
CY2015 us-gaap Proceeds From Minority Shareholders
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474000 USD
CY2015 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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319639000 USD
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14573000 USD
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36400000 USD
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126839000 USD
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4814000 USD
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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7081000 USD
CY2015 us-gaap Payments To Acquire Commercial Real Estate
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0 USD
CY2015 us-gaap Payments To Acquire Other Real Estate
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148352000 USD
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33513000 USD
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19829000 USD
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407969000 USD
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0 USD
CY2015 us-gaap Preferred Stock Dividends And Other Adjustments
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13250000 USD
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CY2016Q2 us-gaap Preferred Stock Dividends And Other Adjustments
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CY2016Q3 us-gaap Preferred Stock Dividends And Other Adjustments
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3313000 USD
CY2016Q4 us-gaap Preferred Stock Dividends And Other Adjustments
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4552000 USD
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0 USD
CY2017 us-gaap Preferred Stock Dividends And Other Adjustments
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13363000 USD
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0 USD
CY2016 us-gaap Preferred Stock Redemption Premium
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0 USD
CY2017 us-gaap Preferred Stock Redemption Premium
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7589000 USD
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387398000 USD
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0 USD
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170000000 USD
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303798000 USD
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37281000 USD
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55108000 USD
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75488000 USD
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2720000 USD
CY2017 us-gaap Amortization Of Financing Costs And Discounts
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3247000 USD
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8893000 USD
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10939000 USD
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31117000 USD
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460957000 USD
CY2017 us-gaap Real Estate Other Acquisitions
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19829000 USD
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13262000 USD
CY2016 us-gaap Real Estate Other Deductions
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33792000 USD
CY2017Q4 us-gaap Profit Loss
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32540000 USD
CY2017 us-gaap Profit Loss
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180615000 USD
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545000 USD
CY2016 us-gaap Provision For Doubtful Accounts
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0 USD
CY2017 us-gaap Provision For Doubtful Accounts
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3269000 USD
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CY2015Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
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CY2016Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1139853000 USD
CY2017Q4 us-gaap Real Estate Accumulated Depreciation
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1264162000 USD
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RealEstateAccumulatedDepreciationOtherDeductions
153000 USD
CY2016 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
0 USD
CY2017 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
0 USD
CY2015 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
66603000 USD
CY2016 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
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22471000 USD
CY2017 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
66206000 USD
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339395000 USD
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2936888000 USD
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2754699000 USD
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1726190000 USD
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231984000 USD
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68200000 USD
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191610000 USD
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6300000000 USD
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386836000 USD
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533939000 USD
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7060754000 USD
CY2017Q4 us-gaap Real Estate Investment Property At Cost
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5920901000 USD
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6153615000 USD
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5135000 USD
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180598000 USD
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642572000 USD
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66449000 USD
CY2015 us-gaap Redeemable Preferred Stock Dividends
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13250000 USD
CY2016 us-gaap Redeemable Preferred Stock Dividends
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13250000 USD
CY2017 us-gaap Redeemable Preferred Stock Dividends
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5774000 USD
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390000000 USD
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325000000 USD
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519024000 USD
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48400000 USD
CY2017Q4 us-gaap Restricted Cash
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CY2014Q4 us-gaap Restricted Cash And Cash Equivalents
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75185000 USD
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159524000 USD
CY2016 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
171983000 USD
CY2017 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
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190515000 USD
CY2015 us-gaap Share Based Compensation
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15537000 USD
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2700000 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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2500000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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2400000 USD
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298000 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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267000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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261000 shares
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P4Y1M
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y1M
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66.19
CY2017Q1 us-gaap Shares Issued Price Per Share
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1.90
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CY2016 us-gaap Stock Issued1
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CY2017 us-gaap Stock Issued1
StockIssued1
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48033000 USD
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0 USD
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0 USD
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387398000 USD
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31117000 USD
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326058000 USD
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-1000 USD
CY2016 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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0 USD
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130371000 USD
CY2017 dei Amendment Flag
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false
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220501000 USD
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15314000 USD
CY2016 us-gaap Common Stock Dividends Per Share Declared
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3.375
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5214000 USD
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4938250000 USD
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4908797000 USD
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1108971000 USD
CY2017Q4 us-gaap Land And Land Improvements
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1076172000 USD
CY2016Q4 us-gaap Noncontrolling Interest In Variable Interest Entity
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130732000 USD
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88425000 USD
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-1902000 USD
CY2017 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
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35900000 USD
CY2016 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
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0 USD
CY2016 us-gaap Payments To Minority Shareholders
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3615000 USD
CY2017 us-gaap Payments To Minority Shareholders
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16542000 USD
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10774000 USD
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154500000 USD
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0 USD
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
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1692000 USD
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1827000 USD
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
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5890000 USD
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14573000 USD
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
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12208000 USD
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
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12179000 USD
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4000000 shares
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4935826 shares
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4988025 shares
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52199 shares
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2900000 USD
CY2016Q4 us-gaap Stockholders Equity
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3542995000 USD
CY2017Q4 us-gaap Stockholders Equity
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3700793000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2723936000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3234586000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3759317000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3960316000 USD
CY2015 us-gaap Straight Line Rent
StraightLineRent
44383000 USD
CY2015 us-gaap Tenant Reimbursements
TenantReimbursements
53774000 USD
CY2016 us-gaap Tenant Reimbursements
TenantReimbursements
61079000 USD
CY2017 us-gaap Tenant Reimbursements
TenantReimbursements
76559000 USD
CY2015 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
0 USD
CY2016 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
2322000 USD
CY2017 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
0 USD
CY2016Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
55.45
CY2017Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
426500000 USD
CY2017Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
27300000 USD
CY2016 us-gaap Variable Interest Entity Number Of Entities With Unavailability Of Information
VariableInterestEntityNumberOfEntitiesWithUnavailabilityOfInformation
3
CY2017 us-gaap Variable Interest Entity Number Of Entities With Unavailability Of Information
VariableInterestEntityNumberOfEntitiesWithUnavailabilityOfInformation
2
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
541679 shares
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
680551 shares
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
613770 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90395775 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93023034 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
98727331 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
89854096 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92342483 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98113561 shares
CY2017 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Concentration of Credit Risk</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All of our properties and development and redevelopment projects are owned and all of our business is currently conducted in the state of California with the exception of the ownership and operation of </font><font style="font-family:inherit;font-size:10pt;">twelve</font><font style="font-family:inherit;font-size:10pt;">&#160;office properties and </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> development project under construction located in the state of Washington. The ability of tenants to honor the terms of their leases is dependent upon the economic, regulatory, and social factors affecting the communities in which our tenants operate. </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">December 31,&#160;2017</font><font style="font-family:inherit;font-size:10pt;">, our </font><font style="font-family:inherit;font-size:10pt;">15</font><font style="font-family:inherit;font-size:10pt;"> largest tenants represented approximately </font><font style="font-family:inherit;font-size:10pt;">40.3%</font><font style="font-family:inherit;font-size:10pt;"> of total annualized base rental revenues, of which </font><font style="font-family:inherit;font-size:10pt;">5.0%</font><font style="font-family:inherit;font-size:10pt;"> was attributable to our largest tenant. </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have deposited cash with financial institutions that is insured by the Federal Deposit Insurance Corporation (&#8220;FDIC&#8221;) up to </font><font style="font-family:inherit;font-size:10pt;">$250,000</font><font style="font-family:inherit;font-size:10pt;"> per institution. As of </font><font style="font-family:inherit;font-size:10pt;">December 31,&#160;2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">, we had cash accounts in excess of FDIC insured limits. </font></div></div>
CY2017 us-gaap Revenue Recognition Leases Operating
RevenueRecognitionLeasesOperating
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue Recognition</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We recognize revenue from rent, tenant reimbursements, parking and other revenue once all of the following criteria are met: (i)&#160;the agreement has been fully executed and delivered, (ii)&#160;services have been rendered, (iii)&#160;the amount is fixed or determinable and (iv)&#160;the collectability of the amount is reasonably assured.</font></div><div style="line-height:120%;padding-left:4px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Minimum annual rental revenues are recognized in rental revenues on a straight-line basis over the non-cancellable term of the related lease. Rental revenue recognition commences when the tenant takes possession or controls the physical use of the leased space. In order for the tenant to take possession, the leased space must be substantially complete and ready for its intended use. In order to determine whether the leased space is substantially ready for its intended use, we begin by determining whether the Company or the tenant owns the tenant improvements. When we conclude that the Company is the owner of tenant improvements, rental revenue recognition begins when the tenant takes possession of the finished space, which is generally when Company owned tenant improvements are substantially complete. In certain instances, when we conclude that the Company is not the owner (the tenant is the owner) of tenant improvements, rental revenue recognition begins when the tenant takes possession of or controls the space.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">When we conclude that the Company is the owner of tenant improvements, we record the cost to construct the tenant improvements, including costs paid for or reimbursed by the tenants, as a capital asset. For these tenant improvements, we record the amount funded by or reimbursed by the tenants as deferred revenue, which is amortized on a straight-line basis as additional rental income over the term of the related lease.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">When we conclude that the tenant is the owner of tenant improvements for accounting purposes, we record our contribution towards those improvements as a lease incentive, which is included in deferred leasing costs and acquisition-related intangible assets, net on our consolidated balance sheets and amortized as a reduction to rental income on a straight-line basis over the term of the lease.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For residential properties, we commence revenue recognition upon occupancy of the units by the tenants. Residential rental revenue is recognized on a straight-line basis over the term of the related lease, net of any concessions.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Tenant Reimbursements</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Reimbursements from tenants, consisting of amounts due from tenants for common area maintenance, real estate taxes and other recoverable costs, are recognized as revenue in the period the recoverable costs are incurred. Tenant reimbursements are recognized and recorded on a gross basis, as we are generally the primary obligor with respect to purchasing goods and services from third-party suppliers, have discretion in selecting the supplier, and have credit risk.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Property Income</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other property income primarily includes amounts recorded in connection with lease terminations, tenant bankruptcy settlement payments, broken deal income and property damage settlement related payments. Lease termination fees are amortized over the remaining lease term, if applicable. If there is no remaining lease term, they are recognized when received and realized. Other property income also includes miscellaneous income from tenants, such as fees related to the restoration of leased premises to their original condition and fees for late rental payments.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported periods. Actual results could differ from those estimates.</font></div></div>

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